1Spatial Plc - Business Update
1Spatial plc (AIM: SPA)
("1Spatial", the "Group" or the "Company")
Continued Customer Momentum, Operational Execution and New Strategic Partnerships
1Spatial, a global leader in location and geospatial software solutions and Location Master Data Management, is pleased to provide an update on continued customer momentum, operational execution and new strategic partnerships.
Continued Customer Momentum and Operational Execution
A focus on improved sales execution continues to drive forward momentum at 1Spatial, with good progress on winning new business and selling more to existing customers; examples of which are set out below. Management have also made advancements in the integration of Geomap-Imagis, 1Spatial's French acquisition, completed in
1Spatial has been selected in an open tender by The
New customer success in US
1Spatial's solutions excel in situations of big data sets with the need for process automation; which is exactly the issue being faced by the US government sector. There are significant opportunities for our software at every level in the US government where specific spatial data issues are concentrated, which is the biggest driver for 1Spatial's significant momentum in the sector.
For context, back in 2015 1Spatial had three clients in the US solutions business and the biggest client was US Census. 1Spatial now have more than 30 clients with no single customer reliance. Some new wins during FY20 include:
· Cuyahoga County
Good traction with French acquisition
1Spatial is pleased to report that following the acquisition of Geomap-Imagis in
The merits of the deal are becoming increasingly clear, with 1Spatial already secured encouraging levels of new orders. New orders are currently amounting to around
New Strategic Partnerships
As part of a planned go-to-market initiative to expand routes to market and to accelerate the uptake of 1Spatial's technology through partners, the team continues to work hard securing strategic partnerships in key markets. Good traction has been made over recent months, including alliances with the following:
Neueda - new partnership agreement in
1Spatial has signed a partnership agreement with IT provider, Neueda.
Neueda has a 3-year contract with the
Michael Baker DataMark - 1Integrate embedded into Michael Baker DataMark platform
Though the partnership is still developing, there seems to be good traction with initial sales to a number of
Commenting on the update, 1Spatial CEO,
Claire Milverton, said:
"I am pleased to report good progress across the Group. Our go-to-market approach is seeing increasing traction with a number of new strategic partnerships and contracts as well as expansion of existing relationships, reflecting our approach of growing customer relationships and the strong proposition which 1Spatial is able to offer. We remain on-track with the integration of Geomap-Imagis and excited by the opportunity the deal presents."
For further information, please contact:
01223 420 414
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020 7496 3000
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020 3727 1000
1Spatial is a technology-enabled solutions provider supplying vertically-focussed business applications to industry sectors where the accuracy of location and geospatial data is key. It is a global leader in managing geospatial data, with the goal to be a market leader in Location Master Data Management through its cloud-based SaaS platform.
1Spatial provides its customers with business-focussed applications where there is a reliance on location or geospatial data. It delivers real value by using its patented 1Integrate tool to ensure that the underlying data is current, complete and consistent using automated processes. This ensures that decisions are always based on the highest quality information available.
Our global clients include national mapping and land management agencies, utilities, transportation organisations, government departments, emergency services, defence and census bureaus.
Today - as location data from smartphones, the Internet of Things and great lakes of commercial Big Data increasingly drive commercial decision-making - our technology is used by a wide range of commercial and government organisations from utilities and transport businesses, to facilities management companies.
1Spatial plc is AIM-listed, headquartered in
To find our more, visit www.1spatial.com
This information is provided by RNS, the news service of the
Quick facts: 1Spatial
Market Cap: £27.27 m
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